Loading…
Shenzhen maker of power converters for wind turbines and inverters for solar and energy-storage systems.
Shenzhen maker of power converters for wind turbines and inverters for solar and energy-storage systems.
Moat: narrow (customer qualification, process know-how). Qualified converter supplier to turbine OEMs, though the power-electronics segment is competitive.
Headquarters: Shenzhen, Guangdong, China · Founded: 2006 · Employees: 2,562
Size Shenzhen Hopewind Electric (603063.SS) is a China Industrials company (Electrical Products) with a market value of $1.52B, the 1616th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥22.15 on 6 Nov 2026.
Performance Over six months the shares fell 49.5%, against -38.9% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 18 in its peer set.
Growth Revenue fell 5.1% over the last twelve months (peer median +24.2%); the operating margin is 8.5% (peer median 8.4%).
Valuation It trades at 24.6× forward earnings against a peer median of 15.4× (7th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.7 points below its cost of capital (8.7% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥3.98B | CN¥4.15B | CN¥3.72B | CN¥3.74B | CN¥2.80B |
| Revenue growth | — | +12% | -1% | +33% | — |
| Gross profit | CN¥1.59B | CN¥1.52B | CN¥1.35B | CN¥1.28B | CN¥817M |
| EBITDA | n/a | CN¥682M | CN¥559M | CN¥632M | CN¥301M |
| Net income | CN¥334M | CN¥531M | CN¥441M | CN¥502M | CN¥267M |
| Free cash flow | CN¥470M | CN¥378M | CN¥181M | CN¥65.6M | CN¥153M |
| Capital expenditure | CN¥70.5M | CN¥54.2M | CN¥102M | CN¥423M | CN¥264M |
| Total debt | CN¥2.54B | CN¥2.23B | CN¥1.92B | CN¥1.67B | CN¥1.32B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Shenzhen Hopewind Electric 603063.SS | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% |
| Sungrow Power Supply 300274.SZ | $25.3B | -40% | -24% | 12% | 14.9× | 12.1% |
| Shenzhen Kstar Science and Technology 002518.SZ | $2.41B | -40% | +21% | 13% | 22.1× | 24.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603063.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.9% | -15.8% | 10th lowest of 21 |
| 6-month return | -49.5% | -38.9% | 2nd lowest of 18 |
| Distance from 52-week high | -66.9% | -58.6% | 5th lowest of 21 |
| Revenue growth (TTM) | -5.1% | +24.2% | 3rd lowest of 21 |
| Operating margin | 8.5% | 8.4% | 11th highest of 21 |
| Forward P/E | 24.6× | 15.4× | 7th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 14.6% | 12.5% | 5th most demanding of 10 |
| Growth delivered (Del g) | +12.3% | +22.8% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +2.3 pp | -14.0 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | -2.7 pp | -6.0 pp | 10th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% | +12.3% |
| Iljin Electric 103590.KS | South Korea | $1.52B | -65% | +24% | 9% | 11.2× | n/a | n/a |
| Cswind 112610.KS | South Korea | $1.52B | -31% | -8% | 7% | 11.6× | -0.5% | +23.8% |
| Beijing Victory Electric 001393.SZ | China | $1.53B | n/a | +31% | 11% | n/a | n/a | n/a |
| Shandong Hi-tech Spring Material Technology 301292.SZ | China | $1.54B | -46% | +46% | 11% | 31.8× | n/a | n/a |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Hainan Drinda New Energy Technology 002865.SZ | China | $1.49B | -45% | -4% | -13% | n/a | 19.3% | +54.9% |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Shenzhen SDG Information 000070.SZ | China | $1.55B | -33% | +27% | -1% | n/a | 28.4% | -1.3% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | n/a | n/a | n/a |
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% | +42.5% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 296.7× | n/a | n/a |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |